Central Bank of Egypt Removes Restrictions on Foreign Currency Spending on Credit Cards
The directive is part of an economic reform program implemented in coordination with the Egyptian government.
The Central Bank of Egypt (CBE) has issued a recommendation for local banks to lift restrictions on the use of foreign currency when making payments with credit cards. This directive is part of a broad economic reform program that is being implemented in collaboration with the Egyptian government, as well as the support of bilateral and multilateral partners.
